Nutroganics, Inc. (NUTT) Closes Acquisition of NuStar

Nutroganics, Inc. (NUTT) Closes Acquisition of NuStar
  
 

BETHESDA, MD--(Marketwired - Apr 14, 2014) - Nutroganics, Inc. (PINKSHEETS: NUTT) ("Nutroganics") announces the closing of the NuStar Manufacturing, LLC acquisition, a state of the art, specialty, nutritional manufacturing facility in Orem, UT. NuStar is an FDA, USDA Organic, and Kosher certified facility, which specializes in manufacturing liquid, gel, and powder nutritional supplements in single and multiple dose flexible packets, pouches, and containers. NuStar's capabilities include formulating, sourcing, blending, mixing, batching, filling, and packing nutritional products for customers. With approximately $3 million in operational revenue in 2013, Nustar expects its 2014 revenues to be even higher, given its existing sales pipeline and deal opportunities.

David Sackler, Nutroganics' President & CEO, said, "We are pleased to announce this major milestone for NUTT. This acquisition of NuStar provides Nutroganics with the platform to leverage co-packing opportunities with our brand partners, as well as capitalize on our many years of relationships within the industry. "

Nutroganics continues to look at several other potential acquisitions as part of the company's "buy and build" growth strategy.

About Nutroganics:

Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics previously acquired Silverbow Honey Company, a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington.

For more information about this release and Company on-goings, contact David Sackler at [e-mail] or at (516)-513-5113.

Forward-Looking Statements:

This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.

Contact: David Sackler Email Contact (516)-513-5113